Prodways Group: New double-digit increase in sales in third quarter 2019 (+14.7 %)
|(in € millions)||Q3 20191||Q3 2018||Change (organic)||9M 2019||9M 2018||Change (organic)|
|Systems||10.0||8.9||+12.3 % (+12.3 %)||31.2||24.8||+25.7 % (+11.4 %)|
|Products||6.1||5.1||+18.7 % (+4.2 %)||20.2||17.0||+19.4 % (+4.1 %)|
|Structure & disposals||(0.0)||(0.0)||n.s.||(0.2)||(0.3)||n.s.|
|Consolidated revenue||16.0||13.9||+14.7 % (+9.1 %)||51.3||41.5||+23.6 % (+9.2 %)|
In the first nine months of 2019, Prodways Group's consolidated revenue amounted to €51.3 million, a sharp increase of 23.6 % compared to the first nine months of 2018. Revenue growth remained strong in third quarter 2019, up 14.7 % to €16 million, against €13.9 million in third quarter 2018. This largely organic growth (+9.1 %) is strengthened by a favorable scope effect due to the consolidation of Surdifuse-L'Embout Français since January 2019.
During third quarter 2019, the Systems division – comprising 3D software, 3D printers and related materials and services – generated revenue of €10 million, an increase of 12.3 % compared to third quarter 2018 remaining buoyant across all businesses.
The Products division – comprising medical applications and the design and manufacture of parts on demand – recorded revenue of €6.1 million in third quarter 2019, up 18.7 % (4.2 % at comparable scope, excluding Surdifuse-L'Embout Français). The division is benefiting from the remarkable performance of on demand parts production. The contribution of €0.8 million from the audiologist Surdifuse-L'Embout Français, acquired in first quarter 2019, provided a further boost to the division.
- 2019 Outlook
Prodways Group has been working for several years on 3D printing industrialization projects in various sectors of activity. These projects use a large number of machines dedicated to production applications consuming several tonnes of material.
The Group is seeing a positive trend in some markets and significant progress has been made on several projects in recent months. The Group expects a first order intake of this type in the next six months.
- About Prodways Group
Prodways Group is a specialist in industrial and professional 3D printing with a unique positioning as an integrated European player. The Group has developed right across the 3D printing value chain (software, machines, materials, parts & services) with a high value added technological industrial solution. Prodways Group offers a wide range of 3D printing systems and premium composite, hybrid and powder materials (SYSTEMS division). The company also manufactures and markets parts on demand, prototypes and small production run 3D printed items in plastic and metal (PRODUCTS division). The Group targets a significant number of sectors, from aeronautics to healthcare.
Listed on Euronext Paris, the Group reported in 2018 revenue of €61 million.
Prodways Group is a Groupe Gorgé company.
For further information: www.prodways-group.com
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Releases from the Prodways Group may contain forward-looking declarations with statements of objectives. These forward-looking statements reflect the current expectations of Prodways Group. Their realization, however, depends on known or unknown risks, uncertainties and other factors that may cause actual results, performance or events to differ significantly from those previously anticipated. The risks and uncertainties that might affect the Group's future ability to achieve its targets are reiterated and presented in detail in our Annual financial report on Prodways Group's website (www.prodways-group.com). This list of risks, uncertainties and other factors is not exhaustive. Other unanticipated, unknown or unpredictable factors may also have significant negative effects on the achievement of our objectives. The current release and the information contained therein do not constitute an offer to sell or to subscribe, nor a solicitation for an order to purchase or subscribe to shares in Prodways Group or in any subsidiaries thereof listed in whatsoever country.
 Unaudited figures